[New post] DHs114.5bn Dubai real estate sales in H1- 2022
uaenews4u posted: " The best performance ever DHs114.5bn Dubai real estate sales in H1- 2022 The Dubai real estate sector break record in sales and transactionsJune sales the best in 13 years Walid Al Zarooni Dubai, United Arab Emirates " Uae news 4u
The Dubai real estate sector break record in sales and transactions
June sales the best in 13 years
Walid Al Zarooni
Dubai, United Arab Emirates
Monday, July 4st, 2022
"W Capital Real Estate Brokerage" report assessed the strong momentum and exceptional performance of the real estate market in the Emirate of Dubai, as the sector concluded the first half of this year on the upward track, to be the strongest first half performance ever, with nearly 43,000 sales transactions ,the total value of whichexceededDhs114.5bn.
"The real estate sector continued to break records in terms of sales and transactions, with the first half recording the best performance ever, as sales topped Dhs114.51bn," saidWalid Al Zarooni, Chairman of W Capital.
Al Zarooni added that the real estate market in Dubai during the month of June 2022 also maintained the continuous momentum recording 8,833 real estate sales transactions worth Dhs22.69bn, which is the highest number ever for the month of June since 2009.
The same month sales transactions in 2009 amounted to Dhs22.92bn.
When compared the overall performance of June 2021, the last month witnessed an increase in transactions by 42.6%, with an increase in value of 55.4%.
Al Zarooni stated that the exceptional performance of the real estate market in recent months is due to attracting foreign investors. The increasing demand, the high real estate prices and the high return on investment,also encouraged the influx of foreign investors.
"Undoubtedly, the Dubai Expo 2020 , which concluded late March, had a great impact on the good promotion of investment and residence in Dubai and increased the demand for buying real estate," the chairman added.
Al Zarooni (a pioneer in the real estate brokerage sector in Dubai) stressed that these data are strong evidence of the increasing investment attractiveness enjoyed by the Dubai real estate market.
He stated that they make an clear indication of the continued positive trend towards investment opportunities in the wake of various government initiatives, including the new investor categories that were recently added after the issuance of the golden visa laws, which makes the Dubai real estate market one of the best investment destinations regionally and globally in the long term.
He noted that the real estate market in Dubai has witnessed a radical change, especially in the past few years with remarkable transformation in investments, attracting foreign investors and DFI after it was focused on local investors. That was achieved thanks to the advanced infrastructure in addition to the distinguished lifestyle that includes the world class hotels and restaurants and the exceptional amenities Dubai offers, which made it the best destination for work, life and investment.
Al Zarooni expected the market to continue upward trend during the second half of this year with the influx of more foreign investors, thanks to the stimulating measures taken by the UAE government, such as modernizing visa procedures,besideseconomic stability.
Al Zarooni also suggested that the continuous changes affecting the labor law in Dubai, with the availability of mega projects, will attract larger numbers of investors.
Dubai propertiesH1 sales since 2000
Period of 6 months
Transaction value - AEDbn
Number of transactions - deals
H1 2022
114.51
42971
H1 2021
61
26870
H1 2020
31.41
15041
H12019
37.53
17046
H1 2018
40.18
17368
H1 2017
63.68
24900
H1 2016
49.16
20175
H1 2015
65.53
23796
H1 2014
73.90
29802
H1 2013
61.86
27697
H1 2012
53.51
17207
H1 2011
35.62
16547
H1 2010
54.35
30589
H1 2009
89.27
50786
H1 2008
59.79
9805
H1 2007
17.95
2782
H1 2006
9.43
1238
H1 2005
9.94
1692
H1 2004
5.99
1545
H1 2003
3.18
1005
H1 2002
2.72
1206
H1 2001
1.66
735
H1 2000
0.826
516
Source: DLD data
Dubai property June sales since 2000
June
Transaction value – AED bn
Number of transactions- deals
2022
22.69
8833
2021
14.6
6192
2020
4.62
2249
2019
5.19
2567
2018
6.44
2383
2017
5.73
2672
2016
9.86
3872
2015
15.29
5624
2014
12.87
5493
2013
11.81
4905
2012
6
2669
2011
4.75
2340
2010
8.69
5469
2009
22.92
11957
2008
12.39
2121
2007
3.98
799
2006
1.46
235
2005
1.2
200
2004
1.33
298
2003
0.615
216
2002
0.523
191
2001
0.321
113
2000
0.096
77
Source: DLD data
=End=
About "W Capital":
"W Capital Real Estate Brokerage" was established in 2007 in the United Arab Emirates, specializing in real estate development, buying, selling, renting as well as consulting services for real estate companies.
Since its inception, the company has sold over AED 200 million of properties to major developers.
About Walid Al Zarooni:
Walid Al Zarooni is the founder and Chairman of W Capital Real Estate Brokerage. A certified real estate expert from the Dubai Real Estate Regulatory Agency "RERA", he is the author of "Secrets of the Smart Real Estate Investor".
Al Zarooni is one of the first experts to harness social media to raise the public awareness about real estate. He provides almost free advice on a daily basis, as well as latest news and updated information through videos and posts on social media platforms such as " Instagram "," Snapchat " and "Twitter", on which he is very active.
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